A story from today's Financial Times, about pension overpayments on a large scale, makes for very interesting reading.

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DARLING TO WRITE OFF £100M IN PENSION BLUNDER
By Alex Barker, Political Correspondent

Alistair Darling said he would write off decades of pension overpayments to thousands of retired nurses, servicemen, and civil servants as details emerged of an administrative blunder worth about £100m.

The chancellor said on Monday night he had no intention of “clawing back” the money from the public sector workers who have been paid too much by Xafinity Paymaster, a privatised pensions administrator.

But while no effort will be made to recoup the overpayments, pensions to the thousands of public sector workers will be reduced to their correct levels next year. The losses will be paid out of departmental budgets, with the department of health carrying the biggest burden.

Read more here.

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I can feel an exam question coming on.

All the best,
Eoin.